Core Insights - The A-share market in 2025 marked a significant milestone with the index surpassing a decade threshold, market capitalization exceeding one trillion, and record trading volumes, driven by policy benefits and liquidity [1][8] Summary of A-share Re-financing Market - The total re-financing scale for 2025 reached 950.865 billion, a year-on-year increase of 326.17%, with public and private placements contributing 887.732 billion, up 412.99% [3][10] - Convertible bonds raised 63.133 billion, reflecting a growth of 30.77%, while both rights issues and preferred shares raised no funds [10] - A total of 251 re-financing applications were accepted across exchanges, with 181 approved, 188 submitted to the CSRC, and 173 registered, resulting in a 100% approval rate across all listed sectors [10] Status of Re-financing Applications - Currently, 235 companies are in the re-financing queue, with 11 accepted, 108 under inquiry, 11 approved, 37 submitted to the CSRC, 62 registered, and 6 applications suspended [10] Distribution of Re-financing Projects - In 2025, there were 172 public placement projects raising a total of 887.732 billion, with the Shanghai main board leading with 72 projects and 739.712 billion raised, accounting for 41.86% and 83.33% of the total respectively [5][12] - There were 44 convertible bond projects raising 63.133 billion, with the Shanghai main board also leading with 14 projects and 29.594 billion raised, representing 34.15% and 48.57% of the total respectively [7][14]
2025年A股再融资数据盘点：沪主板高居再融资项目数量、募资额榜首 北交所无增发项目上市
Xin Lang Cai Jing·2025-12-31 07:54